200 Million Euros for Foreign Trade from Vakıfbank
Vakıfbank has secured 200 million euros in 10-year foreign trade financing with a SACE guarantee and an ING Germany partnership.
Vakıfbank has secured a new resource of 200 million euros with a 10-year maturity from ING Germany, under a 95 percent guarantee by SACE, Italy's official export credit agency.
10-Year Maturity Financing Secured
Vakıfbank has added a new international agreement to its strong position in foreign trade financing, realizing a significant funding. This new resource will be used to meet the financing needs of customers trading with Italy.
Foreign Trade and Production-Oriented Goals
With this transaction, it is aimed to support access to foreign trade financing and increase the trade volume between Turkey and Italy. The provided fund is expected to strengthen commercial ties between the two countries.
Total Resources Reached 9 Billion Dollars Within the Year
Vakıfbank General Manager Osman Arslan announced that the total amount of new resources secured from abroad in 2026 has reached 9 billion dollars. Arslan emphasized that they have structured their international funding strategies to support the country's production, employment, and investment capacity.
Inter-Institutional Cooperation and Statements
Speaking on behalf of the project guarantor SACE, Africa, Turkey and Middle East Regional Director Ciro Aquino stated that they have facilitated access to medium and long-term financing for importers in Turkey. Tiziano Tallarida from the project creditor ING Germany drew attention to the long-standing strong cooperation with Vakıfbank.